Inland Revenue has released the specification document for year 2020. There are changes to maximum liable earnings for Accident Compensation Corporation (ACC) Earner’s levy where new thresholds are introduced effective April 2020. Changes to Student Loan threshold is waiting for parliament approval and expected to be released by the end of December 2019.
Additionally, the draft specification of changes to Pay Day Reporting (PDR) is also released. These PDR changes are effective April 2021.
Our Position Statement has been revised to include these legislative updates and the delivery timelines, where appropriate. We advise customers to review our Position Statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document 2619487.1.